The board of directors of Grand Ocean Advanced Resources Company Limited announced that Mr. Ho Man has been appointed as an independent non-executive director of the company, a member of the audit committee, the nomination committee and the remuneration committee of the company with effect from 22 January 2020. The board announced that Mr. Chang Xuejun was re-designated from a member to the chairman of the nomination committee and remuneration committee with effect from 22 January 2020. Mr. Ho has over 20 years of working experience in private equity investment and finance and is currently the managing director of an investment holding company.